Home Back Issues July 2007 Deal Watch: a real deal for art in Portland

Deal Watch: a real deal for art in Portland

| Print |  Email
Archives - July 2007
Sunday, July 01, 2007

PNCA0707.jpg

Hallie Ford, timber baron widow and co-founder of the Ford Family Foundation, died last month at age 102. But before she passed on she put her mark on Portland with a gift so big it left arts fundraisers across the state breathless.

Ford’s $15 million donation is startup capital for the Pacific Northwest College of Art’s Ford Institute for Visual Education. Called FIVE for short, it’s an ambitious program that will launch Masters of Fine Art degree programs at the Pearl District art school and recruit big-name artists as visiting faculty. 

Under president Tom Manley, PNCA has lined up an advisory council of creative business leaders who all wax poetic about the impact that this new program will have on Portland and on Oregon.

“What we’ll see as a community is excellence. Interesting people are attracted to vital communities,” says Brad Cloepfil, founder of Allied Works Architecture. and a PNCA fan. “And that makes it easier to hire people, which is no picnic, by the way.”

Cloepfil sees FIVE  as an important continuation of a focus in Portland on what he calls the city’s “creative capital.” 

Of course, funding and conception is just the beginning, points out John Jay, another PNCA adviser and creative director at Wieden+Kennedy. To make a name for the FIVE program worldwide — which will be key to recruiting top-shelf artists to come teach at the school and live in Portland — will take strategic marketing. But thanks to the late Mrs. Ford at least PNCA has some cash to get started. 

— Christina Williams

REAL ESTATE TRANSACTIONS
ANNOUNCED BUYER (HQ) REAL ESTATE (LOCATION) SELLER PRICE
26-Apr Broadway Burnside (Portland) retail location (Portland) Katsam LLC (WA) $2.2m
30-Apr Guardian Management LLC (Portland) Arbor Park Apartments (Vancouver, WA) ND $11.5m
7-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP office bldg. (CO) ND $8.63m
9-May The Cundari Family LLC industrial bldg. (Portland) Mark R. Madden (Beaverton) $1.1m
9-May JER Partners/J.E. Robert Cos. (VA) former TN Building (Portland) Fountain Village Development LLC $9m
13-May Pine Tree Institutional Realty LLC (IL) Hazel Dell Town Center (Vancouver,WA) Kimco Developers (CA) $59.8m
14-May Charter Construction (WA) office bldg. (Portland) Julie and Rick May (Tigard) $985,000
16-May DHS LLC office bldg. (Tigard) Central Bethany Development (Portland) $1.85m
18-May Vanderhouwen & Associates (Portland) Beall Macadam Building (Johns Landing) Beall Macadam Building LLC (Johns Landing) $2.07m
21-May Standard Steel Property LLC (Portland) 3.18-acre parcel (Portland) Hill Investment Co. (AZ) $4.8m
22-May RealNet Investments LLC (Portland) Bandera Trails Shopping Center (TX) ND ND
22-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP Centerpointe Business Park (WA) ND $11.5m
23-May Lane County (Eugene) Charnelton Building (Eugene) Oregon Development LLC $7.9m
29-May Opus Northwest LLC (MN) 14-acre site (Fairview) Sandy Blvd. Development Associates (Fairview) $2.9m
29-May Forest Rim VAF LLC Forest Rim Apartments (Tualatin) I&G Tualatin LLC (Tualatin) ND

CAPITAL RAISING
ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR PRICE TERMS
10-May MathStar Inc. (Hillsboro)/ Doug Pihl, chairman, president & CEO public offering $25m equity
15-May NW Hayden Enterprises (Tualatin)/ Bill Hayden and Richard Arthur, co-owners Aequitas Capital Management $1.175m equity
16-May Bend Tarp and Liner (Bend)/ Brad and Jan Elliott, co-owners Brad Everett, investor $3.5m sale-leaseback
22-May Pacific Northwest College of Art (Portland)/ Tom Manley, president Hallie E. Ford, co- founder, Ford Family Foundation $15m charitable gift
23-May StanCorp Financial Group (Portland)/ Eric E. Parsons, president & CEO public offering $300m debt
29-May Evolution Family Holdings LLC (Portland) RKM Development LLC $1.7m sale-leaseback

MERGERS AND ACQUISITIONS
ANNOUNCED EXP. CLOSE BUYER (HQ) SELLER (HQ)/PARENT PRICE (TERMS)
10-May Q3 ‘07 Barrett Business Services (Vancouver, WA) Strategic Staffing (UT) $12m (cash + earn-outs)
15-May Q1 ‘07 OCP (Portland) Liturgical Publications of St. Louis (MO) ND
23-May Q2 ‘07 Planar Systems (Beaverton) Runco International (CA) $36.7m (cash)
24-May Q2 ‘07 Xerox Corporation (CT) Copytronix (Portland)/Global Imaging Systems (FL) ND
25-May Q2 ‘07 NPG of Oregon (Bend)/News-Press & Gazette Company (MO) KFXO-LP (Bend)/Meredith Corporation (IA) ND

List researched by Mark Druskoff

ND=Not disclosed

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS